Webinar: What GST means for UK Energy companies, both in India and exporting to India

UK India Business Council (UKIBC) |

India has recently introduced the Goods and Services Tax (GST) which is likely to be implemented from 1st April, 2017. This regime is expected to change the landscape of doing business in India.

The GST, a single tax on goods and services across India, will apply to manufacturers and consumers alike, and has been marked as a starting point for a single market across India improving economic efficiency and productivity.

GST will streamline numerous state and central taxes, creating a pan-India market, and is expected to add about 1-2% of GDP. However, the impact will vary across sectors. The energy sector is a key driver for economic growth but remains plagued by policy and regulatory bottlenecks.

The UK India Business Council held a webinar with experts from Trilegal to assess the impact on the energy sector, with generation and sale of electricity being kept outside the purview of GST, but capital goods and services used in the energy sector being brought within the GST net.

Watch now to hear more.

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